I’ll agree that products/revenue have taken longer than expected. And I do feel empathy for those who have been holding for much longer than myself; who more urgently need the SP increase, or are just getting older and want it now! Don’t get me wrong, I’d love for a massive price spike and to be retired too.
So far all of the announcements/partners have taken us by surprise, never saw them coming which is a testament to the professionalism of the staff. Having a reputation for being able to keep commercial in confidence, or even national/international secrets a secret is required in this industry. This science fiction technology has the potential to have world changing effects, particularly in the Defence sector. The revenue streams of Valeo, MB etc are in the billions so letting a secret out could be very costly…. to the company!
The AGM revenue model showed a revenue gap between signing companies on and royalties. Obviously Covid and world events has changed the timeframes. But I would suggest the model is still relevant.
At some time all of those signings already known are going to, in their own time, start producing revenue. As each area/avenue of revenue is generated it will build on existing revenues, be that their own competitors or other areas, e.g. medical revenue, automotive revenue, smart home revenue, Defence revenue etc. I think now Prophesee has entered the scene mobile phone revenue is a good possibility in the future as well, who knows, it could be Nokia, Google, or an unknown brand but it is likely (in my mind) once Samsung has released their new camera others will want to get on board with a Prophesee/Akida combination.
And for every Coke there will be a Pepsi, so once one product is released a competitor will jump on board to get some market share.
The M85 with Akida on board has lots of potential as well.
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We’ve got our Gen 2 family to be released and the GF 22nm in progress. Exciting times!
There are so many avenues for revenue that to me it’s not an if but a when.
It may take longer than we all hope; to a lot it already has.
Next quarter the SP may drop. It may test those already in the red.
Will that effect where we will be in 2 years, or 5 years? I don’t think so.
There will come a point in time when the eco-system the Management Team has built will start producing a steady stream of revenue and the SP will increase in a fashion similar to their forcast. Just not the timeframe first forecast or predicted.
The already existing customers/partners will make Brainchip successful, not to mention new customers who will come onboard.
So, although it might be important to some; this daily or even quarterly focus on the SP is not relevant to me and I don’t use it as a measuring tool to judge Akida’s success by at this stage of the commercial journey!
Tech x
